Do you want to profit from crypto copy trading?
Like many others, you are new to the world of crypto copy trading. You do not, but, need to be dissatisfied, since crypto trading software is at your disposal.
This is one of the simplest methods for anybody to profit from the expertise of professional crypto traders. Trading has risks, but with a disciplined approach and a consistent search for top crypto traders, you can easily master the game.
You may be wondering what crypto copy trading is.
In general, copy trading is the automated replication of another trader’s transactions using specialized software. In fact, this is accomplished with the use of copy trading software, which enables traders to link their trading accounts to a trading network.
When the trader in charge of that network executes a deal, that trade is automatically replicated in the proportions specified by each trader in the other trading accounts linked to that network.
Similarly, crypto copy trading refers to the practice of replicating other traders’ crypto deals using AI-powered software.
As we go ahead with this article, let’s see a sneak peek at the content of this post
3 Types of Crypto Copy Trading Software
Speaking of software, crypto copy trading software are critical in automating the trading process. In addition, enabling novice crypto traders to earn without doing extensive market research or incurring large risks. But, there is no one form of copy trade cryptocurrency software. The three primary kinds are as follows:
- Crypto Exchange Software: Crypto copy trading software of this sort is given by specialist cryptocurrency exchanges that deal with several cryptocurrencies and crypto pairings. Therefore, this enables beginner traders to benefit from cryptocurrency price gains by replicating the deals completed by more experienced traders.
- Copy Trading Bots: Typically, this form of software is developed by third parties and may be coupled with certain cryptocurrency exchanges. Of course, these trading platforms include trading bots that conduct deals automatically in response to particular instructions. Also, they may have a cryptocurrency copy trading function that enables them to replicate another trader’s deals. You can download these programs for free or for a fee.
- Crypto Broker’s Software: This form of cryptocurrency trading software is supplied by online brokers that support cryptocurrencies and offers many of the same features as crypto exchange software.
Since we have covered the main types of crypto copy trading software, it is time to discover what are the best crypto copy trading software in the industry.
Best 7 Crypto Copy Trading in the Industry
Disclaimer: these crypto copy trading software are carefully handpicked by professional traders. Indeed, these pros have conducted a profound analysis of the following software that will be presented below.
1. Copygram (Crypto copy trading)
Copygram is a trade copier that enables you to swiftly replicate and execute trades across MetaTrader 4/5 accounts. Also, since the whole process is automatic, Copygram removes the need for you to manually replicate the trades you receive from the pro trader.
Also, Copygram is the best trade copier on our list since it is entirely free. Of course, Copygram is a smartphone application, that allows you to track your transactions from any location and at any time.
Copygram is already supporting over 7,000 consumers in free trade copying from their masters to their trading accounts. That means this is a new record feat.
Although other trade copiers are a bit more difficult to use, Copygram’s interface has been enhanced and simplified for both experienced and beginner traders. Copygram has introduced new features to the copy trading market including:
1- Money management Settings:
- option1: From Room: Calculate lot size based on room admin volume of trades:
Example: Admin Room has 10000 USD in balance and executes EURUSD order with 0.8 lot size. Member of the room has 1000 USD in balance, the EURUSD order will be executed with 0.08 lot size
- option2: Fixed Lot: Member can use a fixed lot for all orders.
- option3: Percentage of Balance: Volume calculation depends on SL points so that if the order reaches SL the user will lose the set % of the balance.
- option4: Percentage of Equity: Volume calculation depends on SL points so that if the order reaches SL the user will lose the set % of the equity.
- option5: Lot per 1000: let’s say the user sets this to 0.1 and has 2500usd in balance, volume calculation will give 0.25 lot size.
2-SL Settings:
- option1: From Room: Copy the same SL as room admin.
- option2: Custom SL: Set value (in points) for your SL.
- option3: No SL: enter orders with no SL.
3-TP Settings:
- option1: From Room: Copy same TP as room admin.
- option2: Custom TP: Set value (in points) for your TP.
- option3: No TP: enter orders with no tp.
Users can set the same configuration for all rooms (from EA settings) or set separate configurations per room.
When it comes to crypto copy trading, Copygram is always the best option.
2. eToro (Copy Trader)
eToro Copy Trader is a social trading platform developed by the well-known eToro online broker to help novice traders in earning more money by replicating the trades of more experienced traders.
In fact, while eToro is a well-known online broker, it is also controlled by three main regulatory bodies:
The Copy Trader program is completely free to use, and there is no charge for imitating other traders, but you must deposit at least $200 in your eToro account to trade with this broker.
eToro Copy Trading is one of the greatest sites for copy trading due to its big social trading network for passive income generation.
Besides, it is famous for its low entry barrier, advantageous trading circumstances, superior functionality, and simplicity. Also, it has one of the most sophisticated systems for deciding which trader to mimic.
3. CryptoHopper
CryptoHopper is an excellent alternative for automated cryptocurrency trading whether you’re searching for a bot builder or crypto copy trading software. In fact, it features some of the most dependable crypto trading bots for automated crypto trading.
This bitcoin bot performs transactions on your cryptocurrency exchange account in accordance with your instructions.
This crypto copy trading bot is available on three subscription plans: $19/month, $49/month, and $99/month. Also, a free version with reduced functionality is available.
This crypto copy trading software is not compatible with every cryptocurrency exchange.
However, it is compatible with Binance, Coinbase Pro, Bittrex, and a few other exchanges. That is to say, it supports Bitcoin, Ethereum, Litecoin, and a variety of other major cryptocurrencies.
4. Zignaly
Zignaly is a relatively new cryptocurrency trading platform, created in 2018, that enables crypto copy trading traders worldwide to copy other traders’ trades and employ free cryptocurrency trading bots.
You may duplicate a large number of traders from Zignaly’s social trading network using the clone trading platform.
Additionally, you may discover a wealth of pertinent information about them when reviewing their profiles, such as profitability for certain time periods, the number of copiers, and other aspects of prior performance.
5 Gate.io
Gate.io is a Cayman Islands-licensed and regulated cryptocurrency exchange that has been in business since 2013.
Besides, it employs a KYC-style authentication process, employs encryption mechanisms to protect the author’s data, and offers only cold storage for cryptocurrencies.
Not to mention, all of these security measures show that Gate.io has to do with the protection of its users’ payments, and the platform may be regarded as safe.
Even though its crypto copy trading program is only a few months old, it starts being famous in January 2022, it is already rather popular. On Gate.io, there are a sizable number of excellent crypto traders whose trades you may mimic.
In fact, the finest of those traders are grouped into other categories, such as Top Gainers or Most Copied, to make it simpler for other traders to pick who to copy based on their own tastes.
6. 3Commas
3Commas is a crypto copy trading software builder that enables you to maximize earnings while minimizing risks and losses. This software allows you to make money with the least amount of work possible.
Furthermore, it helps you to build trading strategies by integrating over 20 trading indicators. 3Commas enables you to sell and purchase coins simultaneously, trade 24 hours a day, and imitate other bots’ settings.
Its copy trading program enables you to copy the trades completed by other traders’ trading bots.
In essence, this implies that you may use a cryptocurrency trading bot developed by another trader. Also, you may read a wealth of important information about the bot prior to copying it.
7. PrimeXBT
PrimeXBT is a crypto copy trading software that enables users to trade a diverse range of cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and Tether. You can buy or sell all cryptocurrencies in US dollars.
PrimeXBT protects its customers’ assets by storing them in cold wallets and using additional security measures such as 2FA (two-factor authentication), frequent security checks, and complete risk checks once each purchase is made.
This software has developed its own trading terminal, dubbed PrimeXBT, which has a built-in copy trading feature. PrimeXBT’s high-speed operation and sophisticated functionality set it apart.
You receive a good lot of information to help you choose which traders to imitate, including overall earnings, profits for that day, the number of days they’ve been active, the number of followers they have, their followers equity, and a performance chart.
According to cryptocurrency data, the average cryptocurrency ownership rate was 3.9 percent in 2022, implying that there are more than 300 million cryptocurrency users worldwide.
With this number in mind, the world of cryptocurrency is growing at a breakneck pace, and investing in it through crypto copy trading would be the best investment of your life.
in brief, consider taking action.